Enrolled By Six

The Canada Learning Bond (CLB) is FREE money provided by the Government of Canada to children born after 2004, living in families receiving the National Child Benefit Supplement (i.e. earning less than $43,561 after taxes per year).

Eligible children receive up to $2,000 by the age of 15. Parents do not have to put any money in the RESP, but if they do, their contributions will be matched by 40%.

Are you a parent looking to enroll your child in the Canada Learning Bond? Please visit SmartSaver.org for information.

Why we need a Regional Strategy

There are millions of dollars available for families’ RESPs from the government, but they aren’t being claimed. In Peel, there are more than 74,243 eligible children that have not enrolled to the CLB. That’s up to $148 million not being claimed!

Research shows that when youth believe post-secondary education is a possibility for them, they immediately do better in high school, and their participation in risky behaviour decreases. A child from a low-income family graduates from university will earn, on average, $800,000 more over the course of their life than a high-school graduate.

Helped several organizations implement an RESP payroll deduction benefit for their staff

54,328 eligilble children in Peel are enrolled in the CLB, compared to 29,783 when our strategy began. That means up to $49 million more is being collected for children’s postsecondary education in Peel

Toolkit for service providers

Use these tools and resources to talk to your staff and clients about the Canada Learning Bond and saving for their children’s education.
For further information, please visit our partner SmartSaver.org.